Eric

@grok @WallStreetApes So if he didn’t do it, another scalper would be doing it or just bankrolled by someone else resulting in the same higher ticket prices on stubhub?

It's capitalism: secondary ticket markets arbitrage primary market distortions (underpricing, bots, monopolies like Ticketmaster). Andro Capital scalping millions on StubHub via the CEO's involvement is disclosed in SEC filings. The issue is the conflict—platform owner funding and profiting from mass reselling on his "fan marketplace," plus deals bankrolling other scalpers. Legal, but erodes trust and transparency. Markets reward incentives; opacity invites skepticism and competition.

The CEO of StubHub exposed in SEC documents to own a hedge fund thats scalping millions of tickets on StubHub making a fortune Everything is a scam “StubHub bills itself as an online marketplace for fans where they can buy and sell tickets, but it turns out that StubHub CEO himself also has a hedge fund that is scalping millions of dollars worth of its own tickets” “The company went public on the New York Stock Exchange last fall. They had to file documents to the Securities and Exchange Commission, and in those SEC filings, we find some interesting information. The CEO, Eric Baker, actually owns and manages a hedge fund by the name of Andro Capital. Its business: selling millions of dollars worth of tickets on StubHub — So essentially, StubHub and its CEO are in the business of mass scalping” Here’s a step by step of how the scam works - StubHub CEO’s Andro Capital buys large numbers of tickets, sometimes in bulk from primary sellers, other brokers and events - They then list and sell those same tickets on StubHub at much higher prices - When fans buy the tickets, Andro makes a profit on the price difference, this is the scalping markup - StubHub helps them by handling the listing, pricing and delivery of the tickets, sometimes with special arrangements or lower fees for Andro The result is millions of dollars in ticket sales flow through Andro on StubHub, and the profits go back to the hedge fund that StubHub CEO Baker owns and manages It means with his big money and influence he can move in early, gets the tickets for events, then mark them and rob everyone blind

Sadly, you probably got the numbers wrong in this video. The first daycare, not doing kickbacks, made $18k per patient for $5 million with 276 patients. The second probably has closer to 600 seniors, but its facility is clearly not big enough for that many. The fraud is not on 7k seniors—it’s probably on 300+ who don’t show up daily, plus kickbacks. The bigger question is whether the government should offer $18k per senior for daycare to begin with, and who qualifies. This is not the same as the Somali fraud. It’s more like running a legit business, then inflating numbers and offering kickbacks. Part of it is fraud, part is legitimate folks taking advantage of bad government policy again.

🚨 Here is the full 53 minutes of my crew and I exposing New York fraud, we uncovered over $190,000,000 in fraud as these fraudsters use the elderly and needy to commit fraud through adult and personal home care scams in NYC. Your tax dollars are paying for elderly Koreans and Chinese to play ping pong and do tai chi, while the fraudsters give $ kickbacks to those who enroll. Like it and share this video, the fraud must STOP. We ALL work way too hard and pay too much in taxes for fraudsters to steal from our pockets. These fraudsters have been able to defraud American taxpayers for years without any pushback from the public and politicians. Time is up. EXPOSE IT ALL AND END THE FRAUD.

@chamath @BillAckman @HooverInst We should push for the tax to include people with $100 million and more, $10 million or more. Make the poison pill even more difficult to swallow.

California’s Property Seizure Act - called “The Billionaire Tax” to fool voters is now on the ballot. @HooverInst has a short 4min video breaking it down. youtu.be/x6k4W5Qzg8U?is… You should vote for this if you are comfortable handing over 5%, in cash, of all your tangible and intangible property every year. You should vote no if you don’t want to do that. If it passes, the remaining Billionaires will sue. This will take a decade to meander through the courts and will find its way to the Supreme Court where the odds it survives are low. But in that intervening decade, far fewer business builders will want to bet on California and will focus on building in other states. This will drive a large loss of revenue that will make California’s budget hole even worse. The only solution there is more borrowing and higher taxes on EVERYONE including those that voted NO. This will particularly impact the middle class who are Californias largest revenue source. The only path out of an avoidable budget spiral is a hard landing and structural reset. Sadly, a hard landing will mean a near-miss with California bankruptcy and, more punitively, a reset/retrade of state pensions with California lenders to not come collect. If you aren’t sure or don’t believe me, vote YES and bookmark this post. A decade from now you can tell me I was wrong or give me the opportunity to lord over your stupidity, jealousy and gullibility for voting YES when I am proven right.

@Jason @spencerpratt @Heritage Unfortunately, we need someone to either hack or leak the California voter roll database so we can actually have transparency at scale.

If this is true, it’s easily provable with an audit and lawsuit by @spencerpratt — not to mention the @Heritage foundation’s election integrity project team looking into it. Easy to fake dozens of votes, sure, but it would take a LOT of work and be very easy to catch thousands of fraudulent votes.

@BillAckman @tobi @X DOOOOO IT.

I am reaching out to the @X community for advice with the likely risk of sharing TMI. I have been sufficiently upset about the whole matter that I have lost sleep thinking about it and I am hoping that this post will enable me to get this matter off my chest. By way of background, I started a family office called TABLE about 15 years ago and hired a friend who had previously managed a family office, and years earlier, had been my personal accountant. She is someone that I trusted implicitly and consider to be a good person. The office started small, but over the last decade, the number of personnel and the cost of the office grew massively. The growth was entirely on the operational side as the investment team has remained tiny. While my investment portfolio grew substantially, the investments I had made were almost entirely passive and TABLE simply needed to account for them and meet capital calls as they came in. While TABLE purchased additional software and other systems that were supposed to improve productivity, the team kept increasing in size at a rapid rate, and the expenses continued to grow even faster. While I would periodically question the growing expenses and high staff turnover, I stayed uninvolved with the office other than a once-a-year meeting when I briefly reviewed the operations and the financials and determined bonus compensation for the President and the CFO. I spent no time with any of the other employees or the operations. The whole idea behind TABLE was that it would handle everything other than my day job so that I would have more time for my job and my family. Over the last six years, expenses ballooned even further, employee turnover accelerated, and I became concerned that all was not well at TABLE. It was time for me to take a look at what was going on. Nearly four years ago, I recruited my nephew who had recently graduated from Harvard and put him to work at Bremont, a British watchmaker, one of my only active personal investments to figure out the issues at the company and ultimately assist in executing a turnaround. He did a superb job. When he returned from the UK late last year after a few years at Bremont, I asked him to help me figure out what was going on with TABLE. When I explained to TABLE’s president what he would be doing, she became incredibly defensive, which naturally made me more concerned. My nephew went to work by first meeting with each employee to understand their roles at the company and to learn from them what ideas they had on how things could be improved. He got an earful. Our first step in helping to turn around TABLE was a reduction in force including the president and about a third of the team, retaining excellent talent that had been desperate for new leadership. Now here is where I need your advice. All but one of the employees who were terminated acted professionally and were gracious on the way out (excluding the president who had a notice period in her contract, is currently still being paid, and with whom I have not yet had a discussion). The highest compensated terminated employee other than the president, an in-house lawyer (let’s call her Ronda), told us that three months of severance was not enough and demanded two years’ severance despite having worked at the company for only two and one half years. When I learned of Ronda's request for severance, I offered to speak with her to understand what she was thinking, but she refused to do so. A few days ago, we received a threatening letter from a Silicon Valley law firm. In the letter, Ronda’s counsel suggests that her termination is part of longstanding issues of ‘harassment and gender discrimination’ – an interesting claim in light of the fact that Ronda was in charge of workplace compliance – and that her termination was due to: “unlawful, retaliatory, and harmful conduct directed towards her. Both [Ronda] and I [Ronda’s lawyer] have spoken with you about [Ronda’s] view of what a reasonable resolution would include given the circumstances. Thus far, TABLE has refused to provide any substantive response. This letter provides the last opportunity to reach a satisfactory agreement. If we cannot do so, [Ronda] will seek all appropriate relief in a court of competent jurisdiction.” The letter goes on to explain the basis for the “unsafe work environment” claim at TABLE: “In early 2026, Pershing Square’s founder Bill Ackman installed his nephew in an unidentified role at TABLE, Ackman’s family office. [His nephew]—whose only work experience had been for TABLE where he was seconded abroad for the last four years to a UK watch company held by Ackman—began appearing at TABLE’s offices and conducting interviews of employees without a clear explanation of his role or the purposes of these interviews. During this period, he made a series of inappropriate and genderbased [sic] comments to multiple employees that created an unsafe work environment. Among other things, [his nephew] made remarks about female employees’ ages (“Tell me you are nowhere near 40”), physical appearance (“Your body does not look like you have kids”), as well as intrusive questions about family planning and sexual orientation (“Who carried your son? Who will carry your next child?”). These incidents were reported to senior leadership at TABLE and Pershing Square. Rather than being addressed appropriately, the response from senior management reflected, at best, willful blindness to the inappropriateness of [his nephew]’s remarks and, at worst, tacit endorsement.” The above allegations about my nephew had previously been brought to my attention by TABLE’s president when they occurred. When I learned of them, I told the president that I would speak to him directly and encouraged her to arrange for him to get workplace sensitivity training. The president assured me that she would do so. When I spoke to my nephew, he explained what he actually had said and how his actual remarks had been received, not at all as alleged in the legal letter from Ronda’s counsel. I have also spoken to others at the lunch table who confirmed his description of the facts. In any case, he meant no harm, was simply trying to build rapport with other employees, and no one, as far as I understand, was offended. Ironically, Ronda claims in her legal letter that TABLE didn’t take HR compliance seriously, yet Ronda was in charge of HR compliance at TABLE and the person who gave my nephew his workplace sensitivity training after the alleged incidents. In any case, Ronda, as head of compliance, should have kept a record or raised an alarm if indeed there was pervasive harassment or other such problems at the company, and there is no evidence whatsoever that this is true. So why does Ronda believe she can get me to pay her nearly $2 million, i.e., two years of severance, nearly one year of severance for each of her years at the company? Well, here is where some more background would be helpful. Over the last two months, I have been consumed with a major family medical issue – one of my older daughters had a massive brain hemorrhage on February 5th and has since been making progress on her recovery – and I am in the midst of a major transaction for my company which I am executing from a hospital room office next to her . While the latter business matter is publicly known, the details of my daughter’s situation are only known to Ronda because of her role at our family office. Now, let’s get back to the subject at hand. Unfortunately, while New York and many other states have employment-at-will, there has emerged an industry of lawyers who make a living from bringing fake gender, race, LGBTQ and other discrimination employment claims in order to extract larger severance payments for terminated employees, and it needs to stop. The fake claim system succeeds because it costs little to have a lawyer send a threatening letter and nearly all of the lawyers in this field work on contingency so there is no or minimal cash cost to bring a claim. And inevitably, nearly 100% of these claims are settled because the public relations and legal costs of defending them exceed the dollar cost of the settlement. The claims are nearly always settled with a confidentiality agreement where the employee who asserts the fake claims remains anonymous and as a result, there is no reputational cost to bringing false claims. The consequences of this sleazy system (let’s call it ‘the System’) are the increased costs of doing business which is a tax on the economy and society. There are other more serious problems due to the System. Unfortunately, the existence of an industry of plaintiff firms and terminated employees willing to make these claims makes it riskier for companies to hire employees from a protected class, i.e., LGBTQ, seniors, women, people of color etc. because it is that much more reputationally damaging and expensive to be accused of racism, sexism, and/or intolerance for sexual diversity than for firing a white male as juries generally have less sympathy for white males. The System therefore increases the risk of discrimination rather than reducing it, and the people bringing these fake claims are thereby causing enormous harm to the other members of these protected classes. So what happened here? Ronda was vastly overpaid and overqualified for the job that she did at TABLE. She was paid $1.05 million plus benefits last year for her work which was largely comprised of filling out subscription agreements and overseeing an outside law firm on closing passive investments in funds and in private and venture stage companies, some compliance work, and managing the office move from one office to another. She had a very good gig as she was highly paid, only had to go into the office three days a week, and could work from anywhere during the summer. Once my nephew showed up and started to investigate what was going on, she likely concluded that there was a reasonable possibility she would be terminated, as her job was in the too-easy-and-to-good-to-be-true category. The problem was that she was not in a protected class due to her race, age or sexual identity so she had to construct the basis for a claim. While she is female and could in theory bring a gender-based discrimination claim, she reported to the president who is female and to whom she is very close, which makes it difficult for her to bring a harassment claim against her former boss. When my nephew complimented a TABLE employee at lunch about how young she looked – in response to saying she was going to her 40-year-old sister’s birthday party, he said ‘she must be your older sister’ – Ronda immediately reported it to our external HR lawyer. She thereby began building her case. The other problem for Ronda bringing a claim is that she was terminated alongside 30% of other TABLE employees as part of a restructuring so it is very difficult for her to say that she was targeted in her termination or was retaliated against. TABLE is now hiring an external fractional general counsel as that is all the company needs to process the relatively limited amount of legal work we do internally. In short, Ronda was eminently qualified and capable and did her job. She was just too much horsepower for what is largely an administrative legal role so she had to come up with something else to bring a claim. Now Ronda knew I was a good target and it was a good time to bring a claim against me. She also knew that I was under a lot of pressure because on March 4th when Ronda was terminated, my daughter had not yet emerged from consciousness, she was not yet breathing on her own, and my daughter and we were fighting for her life. I was and remain deeply engaged in her recovery while at the same time I was working on finishing the closing for the private placement round for my upcoming IPO. Ronda also knew that publicity about supposed gender discrimination and a “hostile and unsafe work environment” are not things that a CEO of a company about to go public wants to have released into the media. And she may have thought that the nearly $2 million she was asking for would be considered small in the context of the reputational damage a lawsuit could cause, regardless of the fact that two years of severance was an absurd amount for an employee who had only worked at TABLE for 30 months. She also likely considered that I wouldn’t want to embarrass my nephew by dragging him into the klieg lights when her claims emerged publicly. So, in summary, game theory would say that I would certainly settle this case, for why would I risk negative publicity at a time when I was preparing our company to go public and also risk embarrassing my nephew. Notably, she hired a Silicon Valley law firm, rather than a typical NY employment firm. This struck me as interesting as her husband works for one of the most prominent Silicon Valley venture firms whose CEO, I am sure, has no tolerance for these kinds of fake claims that sadly many venture-backed companies also have to deal with. I mention this as I suspect her husband likely has been working with her on the strategy for squeezing me as, in addition to being a computer scientist, he is a game theorist. My only advice for him is to understand more about your opponent before you launch your first move. All of the above said, gender, race, LGBTQ and other such discrimination is a real thing. Many people have been harmed and deserve compensation for this discrimination, and these companies and individuals should be punished for engaging in such behavior. Which brings me to the advice I am seeking from the X community. I am not planning to follow the typical path and settle this ‘claim.’ Rather, I am going to fight this nonsense to the end of the earth in the hope that it inspires other CEOs to do the same so we shut down this despicable behavior that is a large tax on society, employment, and the economy and contributes to workplace discrimination rather than reducing it. Do you agree or disagree that this is the right approach?

@ElectionWiz She must have done the same thing to Gavin… it all makes sense now.

DISTURBING: Gavin Newsom’s wife on how she raises her son: “I've given our boys dolls… if I'm reading a book and the protagonist is a male, I just change the 'he' to a 'she.'”

@grok @shiri_shh So this can be turned into a weapon if you have enough of them?

Each full-spec satellite adds up to 300 W/m² (≈30% of normal sunlight's 1,000 W/m²) uniformly over a 5 km spot. To reach hazardous levels like 5 kW/m²—where skin pain/burns could start in under a minute—around 17 would need to overlap precisely on the same spot. It's diffuse heating, not focused, so more extreme-solar-day effect than instant fire. Prototypes deliver way less.

This startup lets you ORDER SUNLIGHT from space to your exact location in 30 seconds 😭

@RickCarusoLA Please run.

People are now living in the sewers of Los Angeles among human waste and trash. It’s shocking & criminal to tolerate this.

@kangminlee BLM did say that not all lives matter.

Where’s Stop Asian Hate? Where are the usual performative Asian activists? Hypocrites and frauds, all of them. Rest in Peace Eina Kwon and her child. The Kwon family deserved justice but instead they get nothing because of the liberal insanity boba libs continue to vote for.

@ATLTechLawBuzz @Jason Yea, they will probably find a way to bundle non essential under essential.

@rocketeric @Jason So I guess a TRILLION dollar annual military budget is “essential”? YOU BET!

Ro has to go

@EndWokeness Oppression through waste, fraud, incompetence, and total lack of accountability.

@EndWokeness I’m asian, and I am already being oppressed by these clowns in California.

13 million views. 0 condemnation from any Democrats.

@chamath @bigmoji Probably healthier for those folks to smoke weed than to drink.

@bigmoji I don’t do drugs - they are for losers

America has 18 million zombies…

@chamath @bigmoji It should be compared against the decline in alcohol consumption.

@WallStreetApes @BillAckman So autism rates going up may be strongly correlated with how easy it is to get free money for an autism diagnosis. I remember @RobertKennedyJr saying California had the highest autism rates; California also has the highest levels of fraud.

WOW 🚨 Dr Oz reveals Minnesota only spent $3 million dollars on Autism care in 2018, by 2024 that spending SKYROCKETED TO $400 MILLION That’s a 13,233.33% in increase in spending in only 6 years Minnesota Democrats need to go to prison

@grok how many patients does an average hospice take care of? If hypothetically each of these hospices were charged with taking care of the homeless population in LA, how many hospices would we need? How many homeless people could we have provided hospice level care in LA from 1900 agencies?

LA County had around 1,900 hospice agencies, more than 30 entire U.S. states. The entire state of Florida has over 22 million people and only a few hundred. This is exactly what the Trump administration is talking about when they say waste, fraud, and abuse.

@1zzyzyx1 @DrOzCMS @DrOz 🥱

Yes, @DrOz @DrOzCMS knows about fraud. •2018 Settlement: In July 2018, Dr. Oz reached a $5.25 million settlement in a class-action lawsuit filed in California. The lawsuit alleged he misrepresented the effectiveness of green coffee bean extract and other supplements, which he had previously touted as "magic weight-loss cures".

L.A. County has become an epicenter for health care fraud in America. Criminals have corrupted the system so much that fraud is now almost expected. President Trump has made it clear: we will not tolerate the patient harm or taxpayer funded theft any longer. More to come.